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There goes the explosive move.

Notice how they held 65 2nd time around.

When the short faders throw in the towel here, price will explode to upside. They will make money on the play regardless.

You keep making your money trading with the momentum full position on at the start as B1S2 suggests. You will make money. Then when you have built up your stake and want to play market maker then you can fade.

When the faders throw in the towel, you get the explosive moves and volume shows when they have done so and you just follow along and play the momentum.

There are always two forces at work, momentum traders and momentum faders. Breakouts occur when momentum faders have to cut their losses.

The best trades will always be the hardest ones to take.

65 area is support. Goldman set to take off and lead financials.

End of 2007 Summer I advised going short and holding to 1200-1150. February 2008 I said go short China Market. September 2008 Go long US markets.

Well folks here you have it, the bottom. The bear market from last summer just ended here. Buy ES, Buy Goldman. Just buy.

tape = T&S for me.

Still no print on the tape under that double bottom.

Momentum and volume are your friends in this type of volatility.

double bottom, tape watching time.

Boom, there goes the print.

I really have no clue what will happen. Yes perhaps six years helps make some nice calls. You know what? It's not important if you have a couple of good systems trading. Simple and objective is best.

I am no oracle, lets get that straight. Statistics and odds is my oracle. UP

Watch the move they pull now.

Boys started playing chess. Setting it up for a breakout.

Literally, when my wife told me this at breakfast this morning.